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DETROIT (AP) — The Michigan Supreme Court said Monday that its 2020 decision stopping local governments from keeping cash windfalls from the sale of foreclosed homes can be applied retroactively ...
Rising foreclosures and unemployment following the Great Recession reduced property values and further reduced the property and income tax base. [21] Additionally, Michigan decreased state revenue sharing with Detroit due to declining population numbers reported in the 2010 census. [21] City expenses also contributed to the cash-flow shortfall.
After a Michigan Supreme Court ruling, here's how former property owners can make claims for profits from tax foreclosure sales.
In another case, the state of Michigan foreclosed Lynette Hathon and Amy Jo Denkins’ property in 2018 for nonpayment, sold it for $28,250 at the auction and retained the surplus proceeds. They ...
[15] [16] In 2018, he crafted an agreement with the ACLU and community partners to prevent home foreclosures throughout Detroit. [ 17 ] [ 18 ] [ 19 ] Savit maintains an appointment as lecturer at the University of Michigan Law School , where he teaches classes on public interest litigation and state and local government. [ 13 ]
The Mural Project was successful in improving the appearance of over a dozen homes in the area and was featured on Detroit's radio station WJR. The project was a way to encourage involvement in preserving a community that has been physically affected by foreclosures and was funded by a grant from the Collin Hubbel Fund. MorningSide Mural Project
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